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“The growing use of polybutadiene in the tire application is a key factor for the growth of the polybutadiene market.”

The global polybutadiene market size is estimated to reach USD 12.71 billion by 2022, at a CAGR of 5.3% from 2017 to 2022. The growth of the market can be attributed to the increasing adoption of polybutadiene across various industries, such as automotive, plastics, and chemical industries, owing to their properties including toughness, excellent abrasion resistance, high tensile strength, low rolling resistance, and low glass transition. However, fluctuations in raw material prices may restrain the growth of market.

“Tires: the fastest-growing application segment”

The tire industry is estimated to be the fastest-growing application segment of the polybutadiene market during the forecast period. Properties such as toughness, abrasion and cold resistance, high tensile strength, high resilience, and good hot tear strength makes it suitable for tire manufacturing. A major driver of the tire industry is the growing automotive industry. The growing demand for fuel efficiency and eco-friendly tires are also driving the tire industry, and, in turn, the demand for polybutadiene in tire application.

“Asia Pacific is estimated to be the leading market for polybutadeine”

Asia Pacific is expected to be the fastest-growing market for polybutadiene market, in terms of both value and volume. High economic growth, growing manufacturing industries, availability of cheap labor, increasing foreign investments, and rise in the adoption of polybutadiene across automotive and plastic industries are some of the major factors expected to fuel the growth of the market in the region. China, India, South Korea, and Thailand are the key markets for polybutadiene in Asia Pacific.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.

This research report categorizes the polybutadiene market on the basis of type, application, end-use industry, and region. The report includes detailed information regarding the major factors influencing the growth of the polybutadiene market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into business overviews, products & services, key strategies, expansions, mergers & acquisitions, new product developments, agreements, and recent developments associated with the market.

Reasons to Buy the Report

The report will help market leaders/new entrants in this market in the following ways:

1. This report segments the polybutadiene market comprehensively and provides the closest approximations of market sizes for the overall market and subsegments across end-use industries and regions.

2. The report will help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders understand the major competitors and gain insights to enhance their position in the business. The competitive landscape section includes expansions, acquisitions, and new product developments.

プレスリリース

Polybutadiene Market worth 12.71 Billion USD by 2022

The report "Polybutadiene Market by Type (Solid Polybutadiene (High Cis, Low Cis, High Trans, High Vinyl), Liquid Polybutadiene), Application (Tires, Polymer modification, Industrial rubber, Chemical), and Region - Global Forecast to 2022", The market size of polybutadiene is estimated to grow from USD 6.56 Billion in 2016 to USD 12.71 Billion by 2022, at a CAGR of 5.3% from 2017 to 2022.

The growth of the market is fueled by the growing demand for polybutadiene from the tire industry owing to its unique properties, such as toughness, good abrasion resistance, cold resistance, high tensile strength, high resilience, tear resistance, and durability. These properties make polybutadiene suitable for various application, including tire, polymer modification, chemical, and industrial rubber manufacturing.

Tire application estimated to lead the polybutadiene market

Polybutadiene are used in various applications, such as tire, polymer modification, chemical, industrial rubber manufacturing, and others. The tire application segment is estimated to lead the polybutadiene market in terms of value as well as volume in 2017. The demand for polybutadiene in the tire industry is primarily driven by its excellent physical properties, such as toughness, good abrasion resistance, cold resistance, high tensile strength, high resilience, tear resistance, and durability.

Solid polybutadiene rubber: the most widely used type of polybutadiene

The solid polybutadiene segment is expected to lead the polybutadiene market. It is primarily used in the automotive industry, especially in the manufacturing of tires. Solid polybutadiene possesses several physical properties, such as high tensile strength as well as excellent abrasion and tear resistance. Solid polybutadiene is divided into high cis, low cis, high vinyl, and high trans. High cis is widely used in tire application as it provides better green strength and high cut growth resistance properties.

Asia-Pacific: The largest market for polybutadiene

Asia-Pacific is estimated to be the leading market for polybutadiene. Thailand is projected to be the fastest-growing market for polybutadiene during the forecast period while China was the largest market, in terms of both value and volume, in 2016. India, Japan, and South Korea are other countries contributing to the growth of polybutadiene market in this region. The increasing demand for polybutadiene from the end-use industries such as tires, polymer modification, and others is expected to drive the growth of the polybutadiene market in these countries.